HOME BUILDERS ASSOCIATION OF MIDLA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

MARK R FREED

Phone

9898352562

Tax Period

2024-01-01 to 2024-12-31

HOME BUILDERS ASSOCIATION OF MIDLAND, founded in 1979, is a small nonprofit that reported $440K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $527K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE HBA OF MIDLAND IS AN ORGANIZATION MADE OF UP BUILDERS, REMODELERS AND OTHER PROFESSIONALS ASSOCIATED WITH THE BUILDING INDUSTRY. WE ARE AFFILIATED WITH NAHB AND MAHB. WE REPRESENT THE BUILDING INDUSTRY FOR THE MUTUAL BENEFIT OF CONSUMERS, THE COMMUNITY AND OUR ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $373,851 Revenue: $207,320

BUILDER EDUCATION - THE ORGANIZATION PROVIDES PROGRAMS THAT HELP BUILDERS BECOME BETTER PROFESSIONALS AND INCREASE THEIR BUSINESS SKILLS. PROGRAMS THAT THE ORGANIZATION PROVIDES TO ITS 170 BUILDERS AND ASSOCIATE MEMBERS INCLUDE GENERAL MEMBERSHIP MEETINGS, REMODELERS COUNCIL ROUNDTABLES, MEET YOUR LEGISLATORS MEET AND GREET/QUESTION AND ANSWER MEETINGS, AND MEET LOCAL SUPPLIERS EVENTS. IN 2024, THESE PROGRAMS AVERAGED TO BE A MEETING A MONTH BEING HELD FOR THE ORGANIZATION'S MEMBERS.

Program 2

COMMUNITY EDUCATION - THE ORGANIZATION PROVIDES PROGRAMS WHICH INFORM AND EDUCATE THE HOME BUYING PUBLIC. SUCH PROGRAMS INCLUDE THE YEARLY HOME SHOW EVENT THAT AVERAGES APPROXIMATELY 2,500 ATTENDEES AND A SPRING AND FALL PARADE OF HOMES EVENT THAT DRAWS APPROXIMATELY 500 TO 1,000 ATTENDEES TO EACH EVENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,961

Program Service Revenue $207,320

Investment Income $180,826

Other Revenue $12,382

TOTAL REVENUE $440,489

Expense Breakdown

Grants Paid $247,000

Salaries & Benefits $45,505

Fundraising Expenses $0

Program Expenses $373,851

Other Expenses $234,072

TOTAL EXPENSES $526,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$440,489	$238,919	+0.8%
Expenses	$526,577	$247,492	+1.1%
Net Income	$-86,088	$-8,573	+9.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY KOSICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE MCPHILLIPS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRYAN DINSMORE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARK R FREED	TREASURER	1.00	Officer Director	$0	$0	$0
RANDY MILLER	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
GREG WECKESSER	LIFE DIRECTO	1.00	Director	$0	$0	$0
JAMES REICHARD	LIFE DIRECTO	1.00	Director	$0	$0	$0
MARK LEVASSEUR	LIFE DIRECTO	1.00	Director	$0	$0	$0
JASON ORVOSH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ZETTEL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HEAL	DIRECTOR	1.00	Director	$0	$0	$0
DEE HALL	DIRECTOR	1.00	Director	$0	$0	$0
KELLY WALL	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2024	$440,489	$526,577	No data	$-86,088
2023	$238,919	$247,492	$157,216	$-8,573
2022	$233,069	$258,549	$165,975	$-25,480
2021	$198,998	$184,542	$164,951	$14,456
2020	$209,049	$226,578	$150,889	$-17,529
2019	$244,347	$273,058	$193,330	$-28,711
2018	$250,074	$276,428	$226,158	$-26,354

HOME BUILDERS ASSOCIATION OF MIDLAND